Related posts
Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)BOC holds rate, TSX climbsWednesday afternoon StocksThis summary was created by AI, based on 2 opinions in the last 12 months.
Pollard Banknote Ltd is a leading player in the lottery ticket business with strong business performance and a defensive business model. The company is family-owned and operates in an oligopoly, with plans to pivot into an online business line. While the current valuation is considered high, the company's position as a key player in the industry and the booming lottery business make it a favorable investment for the long term.
Oligopoly, high barriers to entry. Fixed-price contracts have been renegotiated at significantly higher prices. Shares are in recovery mode. Starting to see much improved margins. Q1 was a record, and should generate record profits this year and next. Low end of valuation range, great time to buy.
Great job pivoting to lottery and gaming. Digital strategy. Bit weak over last quarter. Very strong model for growth going forward. FCF accelerating. PE ratio is coming down. He's looked at, but hasn't pulled trigger.
Lottery ticket business with strong business performance. Family owner/operated business with oligopoly. Pivoting into online business line. Very defensive business model (gambling not going away). Current valuation high, would wait for weakness before buying. Would hold if already own shares.
#2 in the world in instant printed lottery tickets, huge barriers to entry. All customers are governments. Huge input costs affected fixed-price contracts, but contracts are now being renewed at much higher prices. Lottery business is booming. Leader in iLottery. Margins will improve significantly. Yield is 0.67%.
(Analysts’ price target is $29.75)It is the second largest supplier of printed lottery tickets and a leader in web based lottery tickets in the U.S. There are only three players allowed to sell printed lottery tickets for the government, all of which have trouble meeting demand. The only problem is the big increase in the costs of materials along with fixed price contracts with the government. However the new contracts are at higher prices so there should be a great increase in profits ahead. Margins should recover and do even better. Trading at 7X earnings.
A major core holding of his. Sports betting doesn't impact instant lottery tickets which is in fact booming. PBL leads in online lotteries. But shares got way overvalued because excitement over online lotteries and has come down (also due to higher raw costs like ink and paper). He sold then bought back shares. A high-quality, stable company. Drivers: an oligopoly of only 3 players, and governments constantly need revenues.
Family owns around 65% of company. Not a highly traded stock. Lottery tickets is largest component of business (steady business model). Smaller stock that isn't very liquid (don't expect much growth).
Pollard Banknote Ltd is a Canadian stock, trading under the symbol PBL-T on the Toronto Stock Exchange (PBL-CT). It is usually referred to as TSX:PBL or PBL-T
In the last year, 4 stock analysts published opinions about PBL-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Pollard Banknote Ltd.
Pollard Banknote Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Pollard Banknote Ltd.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Pollard Banknote Ltd In the last year. It is a trending stock that is worth watching.
On 2024-07-26, Pollard Banknote Ltd (PBL-T) stock closed at a price of $27.05.
Has owned the business in the past. Frustrated with rising input costs during Covid-19. Very well run business, but profitability has fallen. Not able to pass on higher costs to customers. Overall, is a good business - will own down the road. If already own - would recommend holding.